Explanatory note
This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 January 1991, prescribe the fees payable for applications under the Commerce Act 1986.
The fee for an application under section 58 of that Act for authorisation of a restrictive trade practice is increased from $5,085 to $11,250. The fee for a notice under section 66(1) of that Act seeking a clearance of a business acquisition is fixed at $2,250. The fee for a notice under section 67(1) of that Act seeking an authorisation of a business acquisition is fixed at $22,500. The Commerce Commission is given power to refund $20,250 of the prescribed fee paid by a person who gives such a notice in any case where the Commission gives a clearance under that section. Under the Commerce Act (Fees) Regulations 1989 a fee of $5,085 was payable in the case of notices under section 66(1) of the Act seeking a clearance of a merger or takeover proposal whether or not the Commission gave a clearance or granted an authorisation. The fee for an application under section 70(1) of that Act to authorise a price for controlled goods or services is increased from $5,085 to $22,500. The Commerce Commission is given power to refund $20,250 of the prescribed fee paid by a person who makes such an application in any case where a written undertaking is obtained or accepted from that person in accordance with section 72 of the Act.
The fees are inclusive of goods and services tax.